Question: Question Content Area Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net income $488,800 Depreciation expense 55,700 Loss on

Question Content Area

Determining Cash Flows from (Used for) Operating Activities

Yeoman Inc. reported the following data:

Net income $488,800
Depreciation expense 55,700
Loss on disposal of equipment 23,500
Increase in accounts receivable 18,800
Increase in accounts payable 11,400

Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

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